Правна рамка за решенията на Единния надзорен механизъм
Legal framework for decision-making of the Single Supervisory Mechanism

Author(s): Milena Pesheva
Subject(s): Law, Constitution, Jurisprudence, EU-Legislation, Commercial Law
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: banking union; Single Supervisory Mechanism; Single Rulebook; legal framework
Summary/Abstract: This report explains the structure and functioning of the banking union by analyzing in detail the legal framework of the three pillars of the banking union and their specific characteristics. The report places particular emphasis on the Single Supervisory Mechanism, which represents the first pillar of the banking union, and on the specific framework under which the Single Supervisory Mechanism takes its decisions. In this regard, the management structure of the bodies of the European Central Bank and their functions are analyzed.

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